kokonaistuotannossa
Kokonaistuotannossa, often translated as "total production" or "gross output" in English, refers to the total value of goods and services produced by an economy over a specific period, typically a year. It encompasses all intermediate goods and services that are used up in the production process. This is in contrast to Gross Domestic Product (GDP), which measures the value added at each stage of production and avoids double-counting intermediate goods.
Understanding total production is important for economic analysis as it provides a comprehensive view of the
In national accounting, total production is sometimes calculated as the sum of sales and changes in inventories.